All Compliance Week articles in Web Issue – Page 592
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Article
SFO investigates Airbus for fraud, bribery, and corruption
Five years after the Bribery Act, the Serious Fraud Office has yet to produce a major conviction. Will Airbus—the latest aerospace company under investigation—be its first big collar? Neil Hodge reports.
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BlogMind the pay gap, especially if you are older and a mother
New rules from the U.K. government requiring firms with 250 or more employees to publish specific details on pay, including compensation differences between the sexes, should put a dent in the male/female wage gap. Paul Hodgson reports.
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Blog
FASB offers more narrow corrections to new revenue rule
FASB has issued another proposed update to the massive new standard on revenue recognition to address more technical corrections and upgrades on a handful of narrow issues. Tammy Whitehouse has more.
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Blog
Whistleblower awards and new scrutiny of SEC enforcement
The SEC’s successful whistleblower bounty program is raising some very interesting questions about the future of whistleblowing in general. Tom Fox reports on the agency’s recent enforcement actions.
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Blog
Memo to Telia, Deutsche Bank: Do not negotiate with the DOJ in public
While Telia Co. and Deutsche Bank are looking to publicly war with the Justice Department over upcoming penalties, they should be learning by Avon Product’s example, says Tom Fox—the firm initially suggested a $12M fine and ended up paying a cool $135M.
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Article
FASB adopts eight new cash flow classification rules
After years of nebulous guidance around three major issues of cash flow statements—operating, investing, and financing—FASB is making major clarifications. Tammy Whitehouse reports.
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Article
Extractive payments rule creates FCPA pitfalls for petroleum and mining companies
Energy and mining companies will need to take extra care to comply with updated SEC requirements involving disclosures on payments made to foreign companies. Jaclyn Jaeger has more.
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Article
State of Compliance 2016: Aligning compliance with business strategy
A new study by PwC notes that compliance programs work best when they are deeply integrated with an organization’s overall business strategy, reports Jaclyn Jaeger.
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Article
The many compliance lessons of Wells Fargo
What should compliance officers take away from Wells Fargo employees secretly opening unauthorized deposit and credit card accounts for their customers? Joe Mont looks at the important lessons.
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Blog
EY settles two auditor independence cases with SEC
EY has agreed to a $9.3 million settlement of auditor independence charges with the SEC in two cases where auditors got too close to public company audit clients. Tammy Whitehouse reports.
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Blog
NYDFS regulator joins Guidepost Solutions
Daniel Burstein, who most recently served as Executive Deputy Superintendent and Acting Chief of Staff for the New York State Department of Financial Services, has joined Guidepost Solutions, a compliance, investigations and risk management firm.
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Blog
Kroll names new managing director in Investigations and Disputes Practice
Kroll, a risk mitigation, compliance, security, and incident response solutions provider, has appointed Nicole Lamb-Hale as a managing director in the Washington, D.C., office of Kroll’s Investigations and Disputes practice.
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Blog
FTI Consulting expands Forensic Accounting & Advisory Services Practice
Global business advisory firm FTI Consulting has added five professionals to the firm’s Forensic Accounting & Advisory Services practice within its Forensic & Litigation Consulting segment. The expansion of the practice includes the addition of Senior Managing Directors Stephanie Lhomme, Patrick Pericak and Nigel Webb, and Managing Directors Irumire David ...
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Blog
Why pre-acquisition due diligence and post-acquisition remediation are so critical
Tom Fox looks at a recent SEC settlemenf for and FCPA enforcement action against Jun Ping Zhang, which makes clear the need for robust pre-acquisition due diligence.
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Blog
Telia faces $1.4 billion fine for corruption in Uzbekistan
U.S. and Dutch authorities have proposed a $1.4 billion settlement with Swedish telecom firm Telia to resolve corruption violations relating to its transactions in Uzbekistan, making it possibly one of the largest Foreign Corrupt Practices Act fines to date. Jaclyn Jaeger reports.
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Event
Corporate Finance: Strategies for Creating Shareholder Value
ChicagoCambridge, IL 11111United States
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Blog
Artivest appoints chief compliance officer
Artivest, a technology-driven investment platform, has appointed Jon Feigelson as general counsel and chief compliance officer.
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Blog
FIFA appoints chief compliance officer
The Fédération Internationale de Football Association (FIFA), the international governing body of professional soccer, today announced that Edward Hanover, an experienced international compliance executive, has been appointed as the organisation’s chief compliance officer. He will begin work on 1 Oct. 2016. Jaclyn Jaeger has more.
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Blog
2016 SEC trial scorecard update: agency now 4-1-1 after City of Miami trial
The SEC has prevailed in a jury trial against the City of Miami (which it labeled “a recidivist violator of the federal securities laws”) and Michael Boudreaux, the city’s former budget director. Bruce Carton has more enforcement hits and misses.
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Blog
Accountants tally Brexit effect in financial statements
To prepare for Brexit, companies need to consider how they might be exposed to new risks, assuring they are reflected in accounting and financial reporting. Tammy Whitehouse analyzes a new PwC report that discusses what near- and long-term issues companies can expect.